LocalCoinSwap Reviews

LocalCoinSwap Отзывы

About the company:

LocalCoinSwap is a decentralized cryptocurrency exchange that offers safe and quick peer-to-peer (P2P) trading. Buyers and sellers can trade numerous cryptocurrencies directly with one another using a number of payment options on the exchange. Clients can trade both custodial and non-custodial assets on the trading platform, which was established in 2018.

Payment methods

There are various methods available, including:

  • PayPal
  • Revolution
  • Bank transfer
  • International transfer (SWIFT)
  • Cash deposit

Commissions and withdrawals

You will not be charged a commission if you react to a trade that has already been published. If you post a transaction, you will be charged a 1% trading fee after it has been completed. In general, you do not pay a commission if you react to an ad, but you do pay a commission if you submit an ad and the sale goes through. Although the 1% cost appears large in comparison to centralized exchanges, it is uncompetitive for peer-to-peer exchange, especially when only one party pays the price.

The minimum withdrawal amount is currently 0.0005 BTC, with a 0.00025 BTC withdrawal fee. There is no maximum amount that can be withdrawn. Withdrawal costs are modified on a regular basis in compliance with the blockchain’s conditions.

LocalCoinSwap Отзывы

Anonymous

Use the broker to purchase Bitcoin, Ethereum, and other cryptocurrencies anonymously. Before consumers may trade on centralized exchanges like Coinbase or Binance, they must submit proof of identity. Clients are not required to complete Know Your Customer verification before trading; the individual with whom you deal just sees your username, wallet address, and online profile.

Reputation system

When it comes to peer-to-peer trading, the most significant risk is the trustworthiness of the individual with whom you are trading. According to the business, every trader has a public profile with relevant information about their trading history. This is offered to assist you in making educated choices about which platform users you wish to transact with.

Escrow

When a third party receives and distributes the bitcoins involved in a transaction, this is known as “escrow protection.” Escrow is essential for safe P2P trade since it assures that one party does not get bitcoin without paying for it. The company not only offers an escrow service, but also gives detailed instructions to help new customers complete their first transaction using the service.

Support

Clients can reach out to the company via assistance and support lines. If you have any questions or concerns, the exchange is always delighted to speak with you. Similarly, if a conflict arises that requires mediation, the exchange has teams in place to manage the matter and guarantee that all parties are satisfied with the conclusion.

Custodial or non-custodial trading

Clients can choose to trade in a custodial or non-custodial environment. The brokerage is only a broker and escrow platform to assist with expedited trading; you don’t have to transmit cash to the site itself; instead, you trade directly through your wallet. Users will have more control over their cryptocurrency as a result of this.

Two-factor authentication

You may pick from many two-factor authentication (2FA) options when you log in. These methods include using an email address or using apps. This adds another degree of protection to your account by making it more difficult for others to access it.

Cryptoshares

Traders may buy the LCS Cryptoshare currency, which offers a number of advantages. All cryptocurrencies exchanged on the exchange benefit Cryptoshare shareholders.

The company provides a listing service for new initial coin offering (ICO) tokens that are listed on the platform. Once these new coins are launched, Cryptoshare holders will receive an extended distribution of the new currency, as well as access to special deals in the new listings.

Support

Support is available to assist you if you have lost your login information, forgotten your password, or need to resolve a dispute. All users have access to customer service 24 hours a day, seven days a week on the exchange. Simply fill out the online form with a description of the problem and any supporting documentation, and a member of staff will contact you as soon as possible.

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